Stock prices in the US and Europe rose on Thursday, October 8, as expectations for negotiations on a new US economic stimulus package recover, despite growing concerns about new restrictions in Europe due to COVID-19.
Stock prices on Wall Street rose on Wednesday after US President Donald Trump refused to suspend talks with Democrats on economic stimulus and continued to rise on Thursday as he described the prospects for an agreement as “really good.”
However, House Speaker Nancy Pelossi rejected a bill on financial support for airlines, saying such measures would not make sense unless they were part of a broader bill, which Republicans oppose.
Thursday’s rise reflects market confidence that an agreement on the stimulus package will be reached, he said TD Ameritrade analītiķis Dž.Dž.Kinahans (JJ Kinahan).
“There is hope that something will be done over the weekend or early next week,” he said.
Briefing.com However, analyst Patrick O’Hare believed that the market was looking for other reasons for the rise and did not consider such a package credible, even if Pelosi agreed with US Treasury Secretary Steven Mnuchin, given opposition in the Republican-controlled Senate.
Oil prices rose, driven in part by predictions that Hurricane Delta could damage oil rigs in the Gulf of Mexico.
US Stock Exchange Index Dow Jones Industrial Average on Thursday rose 0.4% to 28,425.51 points, the index Standard & Poor’s 500 rose 0.8% to 3446.83 points, while the index Nasdaq Composite increased by 0.5% to 11,420.98 points.
The London Stock Exchange index FTSE 100 rose 0.5% to 5978.03 points on Thursday, the Frankfurt stock exchange index DAX 30 rose 0.9% to 13,042.21 points, while the Paris stock exchange index CAC 40 rose 0.6% to 4911 .94 points.
In the electronic trading of the New York Stock Exchange, the price of WTI crude oil increased by 3.1% on October 8 to USD 41.19 per barrel. Brent The price of crude oil on the London Stock Exchange rose by 3.2% to $ 41.99 per barrel.
The euro fell from $ 1.1765 to $ 1.1758 per euro on Thursday, the pound rose from $ 1.2919 to $ 1.2933 per pound and the dollar rose from 105.98 against the Japanese yen. to 106.03 yen per dollar. The euro fell against the British pound from 91.05 to 90.91 pence per euro.
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